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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Metair flags local manufacturing concerns, targets diversification to ‘deconcentrate risk’

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Seventy-seven-year old Metair may have its roots in component manufacturing, but its future growth could be dependent on growing its aftermarket parts and retail business. Announcing the JSE-listed group’s financial results for the year ended December 31 on Wednesday, CEO Paul O’Flaherty said the six businesses in Metair’s automotive component manufacturing division remained a fundamental part of the group.

Growthpoint grows revenue, declares interim dividend

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JSE-listed real estate investment trust Growthpoint Properties Group posted revenue of R6.6-billion for the six months ended December 31, 2025, a 2.4% increase from the R6.5-billion revenue recorded for the six months to December 31, 2024. Distributable income for the six-month period under review increased by 2.1% to R2.6-billion, up from R2.5-billion in the interim period in the prior financial year. Distributable income per share (DIPS) increased by 2.3% to 75.7c, up from 74c in the prior comparable period.

FMD, low sugar and wheat prices weigh on first-quarter agribusiness confidence

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After rising for much of last year, the Agricultural Business Chamber of South Africa (Agbiz)/Industrial Development Corporation (IDC) Agribusiness Confidence Index (ACI) fell by 18 points in the first quarter of this year to 49, the lowest level since the third quarter of 2024. In a media release, Agbiz says the spread of foot-and-mouth disease (FMD), which continues to impose immense financial pressure on the cattle industry; African swine fever in the pig industry; and pressures from lower global prices in the sugar and wheat industries are among the key constraints highlighted by survey respondents as major risks weighing on sentiment.

Eskom says delayed Medupi FGD report to be submitted to Minister in early April

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Eskom expects to submit its final benefit-cost analysis (BCA) report on flue gas desulphurisation (FGD) at the Medupi power station, in Limpopo, to Forestry, Fisheries and the Environment Minister Willie Aucamp in early April, having released a draft report on the air-pollution reduction technology and six alternatives for public comment on February 24. The State-owned company acknowledged during a virtual consultation on the draft report this week that the submission had failed to meet the initial six-month deadline set in a directive issued by then Minister Dr Deon George on March 31, 2025.

Hyprop reports strong results, on track to meet full-year guidance

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JSE-listed real estate investment trust (Reit) Hyprop Investments has delivered strong interim results for the six months ended December 31, 2025, reporting a 12.9% increase in distributable income. The board declared an interim dividend of 119c a share, up 4.9% from the prior period and affirmed its full-year guidance of a 10% to 12% increase in distributable income per share.
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